CDS Crypto News Hacken Prepares a Report on Hacked Crypto Funds in 2023
Crypto News

Hacken Prepares a Report on Hacked Crypto Funds in 2023

The rate of the hacked crypto funds dropped in 2023.

210
Hacken Prepares A Report On Crypto Funds Hacked In 2023

Crypto News – The blockchain security scene saw a $50 billion decrease in lost cryptocurrency assets in 2023, indicating a move toward stronger security measures and the development of the DeFi ecosystem.

Hacken Prepares a Report on Hacked Crypto Funds in 2023

As per the end-of-year analysis from crypto security firm Hacken, there was a significant decrease in the amount of money lost due to scams and hacks last year. The total losses were $1.9 billion, which is a dramatic contrast to the astounding amounts seen in prior years. The decline in lost value is a major step forward in the industry’s attempts to strengthen security protocols and more skillfully handle problems.

With 214 attacks, BNB Chain has the highest attack count across the industry, followed by Ethereum with 178. Interestingly, the majority of Ethereum and BNB Chain breaches (148 and 97, respectively) were labeled as “rug pulls.”

Most Attacks Occurred in the United States

The geographic distribution of blockchain exploits is also highlighted in the research, with notable hotspots appearing in areas with a high level of fintech activity. This geographic research sheds important light on the fact that blockchain vulnerabilities are global in scope and that a concerted multinational effort is required to address them.

With fifteen, the United States witnessed the most, followed by Singapore with thirteen and the United Kingdom with five. With four, China ranked fourth and had one of the lowest average values stolen each hack ($5 million), compared to $10 million in the US, $23 million in Singapore, and $40 million in the UK.

Hacken Prepares A Report On Hacked Crypto Funds In 2023
Written by
lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Sui Blockchain Faces First Major Outage: What Happened and What’s Next

Sui blockchain faces its first major outage—learn what happened, the impact on...

MicroStrategy Stock Reaches New High as Bitcoin Surges Above $98,000

MicroStrategy’s stock surged to a new all-time high as Bitcoin reached $98,000,...

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Mysten Labs Resolves Sui Blockchain Outage, dApps Resume Functioning

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana Face Resistance

Top 3 Cryptos on November 21: Qubetics Soars as Ethereum and Solana...